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on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret. >> steve: she doe
be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a man. bell ringer was silenced because the girls bring in more christmas cash. is that true? "fox and friends" starts right now. ♪ >> steve: welcome aboard, folks. live from studio e. brian has a lot of friend exercise family members that watch the program. call him throughout the program today, because unbeknowns to you. prian cell phone has fallen through a hole of the jacket pocket and stuck in the lining. >> brian: it dropped through the lining and a secret passage. >> gretchen: give me that coat. >> brian: this is how i function. >> gretchen: somebody get scissors . i can feel the calls coming through. >> brian: there we go. hole in the pocket but i didn't know this big. no, you just. ♪ there is a hole in the pocket. >> brian: i am going to lose
thousands . another sunshine warning in affect. >> steve: that is not good. it is a victory for capitalism but not everybody is happy. that is not wisconsin. it is the state of michigan taking on the organized unions. we'll tell you what just happened to the michigan workers. it changes everything. >> brian: really. big government goes to dogs like forcing flood lights in the yard . it is it happening on friday. "fox and friends" starts just about now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. tgif. hopefully you will have a great friday as we move in the weekend. get christmas shopping done and put up the lights and your tree. >> brian: last week of the summer concert series. is it over. >> gretchen: break out your snow mobiles. i got ear must haves for you. steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> bria
it is a moustachah. what was it a tree falling again. >> brian: you want to hear it again. >> steve: yeah. >> gretchen: it sounds like a horror movie like something up in the attic. >> steve: it is breaking. cliffhanger. i don't know. if the economy falls in the forest and no one is here to hear it is there a sound. yesterday the republicans blame the democrats and the democrats blame the republicans. john had a exclusive with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it
is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since t
] >> that's what i'm talking about! >> whoo! >> steve wynn is the man with the midas touch who added glamour to the gambling industry. >> if you're gonna start a gambling joint, start a gambling joint. >> he transformed las vegas into an international tourist spot, but the odds haven't changed. >> the only way to win in a casino... >> is to own one. >> own one. >> unless you're very lucky. [stopwatch ticking] >> internet gaming is illegal in the united states and absolutely thriving. >> yes! >> right now, as you watch this story, 70,000 people are gambling on party poker, and that's just one site. >> there will be more online poker games per day at the end of this year than all of the casinos in the entire world put together. >> welcome to 60 minutes on cnbc. i'm steve kroft. by some estimates, gambling in this country is a nearly $100-billion industry. it attracts everyone from flamboyant businessmen to nefarious conmen. while the odds are heavily stacked against them, for millions of americans, gambling remains enormously popular, even in these hard economic times. in this episode, charlie
are not just going to go over the fiscal cliff? we heard tim geithner on this program yesterday when steve asked him, look f you don't get what you want, do we go over the fiscal cliff? he said absolutely. >> he said he would do it! >> what happens when we wake up january nd, we go over the cliff, and the world doesn't end? >> that is so irresponsible. >> you have to be a long-term investor. long-term stocks have outperformed bonds. >> with all do respect, george, are you one of those come play september investors larry is referring to? >> i'd say we're opposite of that. we never take anything for granted, but we bet accordingac. bonds are trouble. a lot of people are going to lose a lot of money in bonds. you have to be prepared for that. interest rates are going to go up. dividends are going to continue to increase. the economy in this country is strong. it's going to get stronger. >> even at 44% dividend tax? >> it's not going to go that high. >> if we go over the fiscal cliff, it does go that high. it goes to 44%. >> no, no. don't think the worst. >> less than a month, it goes there. >
, the rain started pouring pretty good here. yeah, but steve's been talking about it all morning. we're not expecting huge rain amounts from this storm but the ground is saturated from the storms and some commuters and residents are not taking any chances. we talked by a lumber company in mill valley. owners and employees putting sandbags there and keeping them there because of the rain. this store was flooded past sunday. storeowners tell us after this incident over this past weekend with the recent storms that they just didn't want to take any chances. >> worried about tomorrow morning? >> hopefully, it will be not that bad. >> reporter: we did drive by the store early this morning and it looks like the sand bags are working right there right now. the rain is continuing to pour down here and hopefully the sand bags will prevent any flooding here. on a side note as we take a look at -- i think the biggest concern is the roadways. tara's been talking about it all morning. there were three accidents on the 80. if you are heading out this morning, take it easy on the roadways and slow
than 13% for the week. it broke above its moving average. steve cullen, is he being punished for his success. illegal insider trading ran rampant inside his giant hedge fund. charlie gasparino has the latest. charlie: let me get you and amazing statistic. they returned 25.5% after expenses since 1996. warren buffett, berkshire hathaway, 8.64%. steve cohen does it with a lot of volatility. that is why i am telling you the feds are after him. here is what i know about this investigation. what sources are telling us. they believe you cannot get that type of consistent success, the notion that every year, basically, posting game, posting gains within not massive volatility. 50%. cheryl: you are very clever and breaking the law. charlie: they do not believe you can do that without insider trading. this is a mindset that pervades each one of these of the sec enforcement chief to the fbi people working on the cases to the justice department. they match up returns of these various guys. they say look at roche, look at how he did this and look at steve cohen. they believe it is just mathemati
nicely into san francisco at this hour 4:36 here is steve. >>> we have a nice tweet from brent in pacific, i didn't encounter anything until about the caldecott tunnel and a couple of areas are reporting fog and it will report a nice dry pattern. a couple of days it is a dry pattern and inland valleys with the fog, it looks like high pressure kicks in and there is more of a northerly breeze. the end result is a win which should take care of the fog. attempts are 50s and 60s and we have not had any cold air, it will be cooler as the pattern brings in that direction on the northerly. thick fog, a little midst and drizzle and things are calming down, maybe saturday morning, that breeze kicks in at least it should but it will be sunny and dry for a while. >>> thank you steve. the apology from the hospital, a leak that led to personal information about the dutches. >>> and highway 4 through bay point, we will have more traffic coming up. . >>> temperatures today are on the mild side temperatures in the 60s and we'll see a little bit of sun. >>> 600 were injured in support of the country's pres
democratic strategist-- okay. steve, i go to you because i read the white house reaction to this, and really all they talked about was raising the top tax rates. they had no other things to say, no commendations, no i want to work with you. steve, i know this stuff is not going to be perfect. there's going to be stuff in here that conservatives, supply siders myself won't like. but why does the white house have to obsess about higher tax rates to the exclusion of other parts like entitlement reform and spending cuts? why is this? >> larry, i don't think they are obsessed with higher tax rates they are obsessed with protecting the middle class. john boehner's proposal includes $800 billion in revenue but doesn't specific where it comes from. barack obama has been specific in his plan and look both sides have their plans and there's going to be negotiation, will probably end up somewhere in between. i don't understand why we can't raise tax rates on the top 1% of people if we're going to get to a balanced plan. why should the middle class pay more when we have people at the top who can pay mor
on the south bay, 880 split, you can see traffic looks good in all directions. here is steve. >>> we have low cloud desk, there are other areas brandon and pacifica. man, it is thick here and there are some areas where fog is an issue and it is misty, fog sun, muggy, there is a lot of moisture in the area, we get a north wind that will scour that fog out, it will be an issue especially out in the valley and up above, there is no cloud deck to stop the sunshine. the pattern is changed and we are out of this rain which is a good thing. the hills are definitely saturated, clipping to the north, overall no biggy, everything is east of us and it looks like a cold pattern. the only change would be towards the weekend and the wind will pick up. by sunday into monday, it looks like a dry pattern, pam, dave? >>> all the european markets are up and investors are reacting to the bank of america announcement and interests will move at their current levels. australia hong kong, all of them finished with losses. the weaker yen continues to benefit the exporters there. >>> futures do indicate a lower openin
cook. thank you for waking up with us. steve says little drizzly out there. will it last most of the day? >> right rain. there has been a little heavier out toward hercules. it's coming through. but again this is far weeker than anything we have seen. but still rain is here. but overall this is a much weaker system we will get rain throughout the day. we'll take a closer look at this rain. >>> this is a look at highway 24 through lafayette. and 880 near the oakland coliseum traffic is moving pretty well. it is wet out there. we do have an accident we want to tell you about coming up in a couple minutes. let's head back to the desk. >>> topping our news this morning police in berkeley are still on the scene where a bicyclist was shot and killed outside of a middle school. we will take you out there live at the scene you can see what is going on. this is long fellow middle school. police rushed there after reports of the shooting. they are still out there collecting evidence and looking for clues. a man on a bicycle was shot at least once on the the street. there is no word of m
edition at joey fatone: this is joey fatone. it's time to play "family feud." give it up for steve harvey. [captioning made possible by fremantle media] steve: thank you very much. all right. just--ha ha! hey, welcome to "family feud," everybody. i'm your man steve harvey, and, boy, we got a good one for you today. returning for the second day all the way from waltham, massachusetts, it's the hallowell family...
. another round of rain is moving in. steve said there's already a little bit of rain falling in the north bay. more lane will cover the bay area tonight and tomorrow. it won't be as bad as last weekend's downpours. steve will join us with the full forecast in just a few minutes. and if you take highway 1, you might want to give yourself some extra time today. coming up at 7:30, where the highway is being reduced to one lane and the work that's being done to prepare for another round of rain. we have new video of a fire in petaluma. you can see this home on sadler was completely engulfed in claims. it was reported at about 3:30. sonoma county fire says it was complete lit contained around 5:30. no reports of injuries -- completely contained around 5:30. no reports of injuries. >>> police are looking for the person who caused this cause fire. >>> today, county supervisors will meet about possibly closing four fire stations. the stations scheduled for closure are in walnut creek, clayton, martinez and la fayette. the closure list comes about a month after voters in the contra costa fire dist
's steve sedgwick. good morning. >> very good morning. this is really good news. we expected something along the lines. for so long now americans have not been replacing their cars. the average age of an automobile in the united states is 11 years old. the old is 20% or somewhere in the region of 16 years old. the replacement cycle seems to have started. that led to great news in november topping 15.5 million car sales in the month of november it was 1.14 million cars sold. a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies listed very often they performed really badly amid accounting issues as well. the sec taking aim at the accountants. >> all
'm dave clark. >> and i'm pam cook. thank you for joining us. steve is here. we've been watching a lot of our live pictures. rain is coming down pretty steady. >> some rain, some no rain at all. things are lighting up. things have been picking up kind of steady around san francisco, and birkly. you can see that line right there. the heaviest looks to be daly city and san francisco. we'll take a closer look at this in five minutes. >>> let's take a live look at the lafayette this is highway 24. you can see traffic moving pretty well there westbound as you make your way to the caldecott tunnel. it is pretty wet out there. we got a lot of puddles. definitely take it easy. this is a look at highway 237. traffic is flowing well in both directions. let's head back to the desk. >>> there is new information in the fatal shooting of a bicyclist. the victim was shot and killed outside of a middle school. that is where alex savidge is at the scene. alex. >> reporter: i just got an update a couple minutes ago from a berkeley police spokesperson. she told me the victim in this shooting thatten had
of steve jobs. we're going to take a very close look on what is next for america's favorite gadgetmaker. >>> speaking of gadgets, rivalry research in motion, offering training programs and promotions for its upcoming blackberry 10. it's targeted corporations. bold move or maybe a desperate one? >>> any move might be welcome down here. democrats want tax hikes on the rich. republicans want entitlement cuts. we've heard this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watching apple on the back of yesterday's drop. the stock today is traded up $4.82. that's just
that much impact on the labor market. november jobs numbers coming in much stronger than expected. steve leisman who's had a very busy week here to talk about the numbers and put it in context for us. >> hi, sue. no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and there is no effect which brings us to the numbers which you could believe on face value as much as you can. they'll revise this again. they only come forward with 60% to 70% of the sample. unemployment rate falling 7.7% because largely a drop in the labor force. average hourly earnings up 0.2%. despite positive headlines, xwoeld man sax says we interpret this report as one only slightly better than expect
first. guest host david walker of comeback america initiative and democratic strategist steve mcmahon both here to help us find solutions. >> then, what goldman's jim o'neill is so he seeing to help you prepare for your investments straight ahead. plus, adding opportunities door to door. >> have a good day. >> thank you. >>> domino's pizza ceo patrick doyle is here. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is out this week. we've been watching futures this morning and they are indicated slightly higher. dow futures are up about 35 points above fair value, s&p futures and the fass dak futures are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet the press that republicans will accept the president's plan to raise income taxes. >> what we're trying to do is make it more likely we come together on a good agreement for the american people that extends t
the past 15 minutes. here's steve. >> thank you, tara. >>> a very good colder morning. 38, 39. a little bit of a break today. much colder pattern. not only that, but some incredible rain totals. don't want to forget fog popping up on highway 37. some really thick fog there, thanks to owen and bubba, up in petaluma, he said very, very foggy. lompico, 13, middletown, 12.25. oakmont, 9.50. kentfield, 9.50. danville, our oner there, 7.03. and tom in blossom hill, 5.75. i think santa clara had 4.25. so san jose did not report that much rain. but everybody around them had doubled their amount. i'm wondering if there's a spiderman in the rain wage. a little bit of a -- rain gauge. a little bit of rain will move in for tuesday in the north bay. and then for everybody on wednesday. this rain is will -- rain will stall out on us and then we'll start to go into a colder pattern biteth. there's bitterly cold air in alaska and -- alaska and today's not bad. 39 napa. they were 38. a lot of low 40s. upper 30s, about 15, 20 degrees colder than what he wu sat a this time -- than what we saw this time last w
friday. i am pamela brown in today or cynne simpson. >> i am steve chenevey. let's get to jacqui. >> it is better than yesterday morning. that is the good news. the bad news is that the clouds are back. we had some spotty showers out there. they are all very light. they are not in the metro. there is a chance we will see them in the mid to late morning hours. they return again. we will have a lot of ups and downs. we're talking about ups andwe have lots of clouds. today, not so much tomorrow, but into the rest of the weekend, on and off showers. a lot of back-and-forth. our express forecast -- cloudy with a spring shower at 9:00, cloudy skies at noon, and a chance of showers later on tonight. not the best of weekends. the temperatures will get a little bit warmer. it is time for traffic. >> it is off to a quiet start. we can only hope that it is not too crazy this morning. an awful, start to the district -- calm start for the district. i will give you the all clear. heading out of stafford pushing up through the project through to the beltway construction is gone. nothing right n
. thank you for joining us. steve paulson is here. i heard him three days. three days of dry weather? >> it will be back tuesday night. it's nothing like this weekend. thank goodness. yesterday morning was rocking and rolling. we do get a break though. some of the higher clouds coming in. overall a dry day today. highs 50s and 60s opinion here is tara. >>> let's take a live look at 880. we have no delays as we drive past the oakland coliseum. and last but not least we have a look at the san mateo bridge. you can see traffic flowing nicely. 5:00 on the nose let's head back to the desk. >>> we are following breaking news out of livermore. we have been talking about it where a chp patrol car flipped over during a high speed chase. allie rasmus just arrived on the scene. she will join us a live report on the very latest in just a few minutes. >>> time now 5:00. we are still on that storm watch and the bay area is still recovering from that big weekend storm that left a lot of neighborhoods reeling and picking up the pieces. that includes lafayette where a big sink -- in now that is big.
26 days away from the fiscal cliff. steve liesman joins us now live from the treasury. he has an exclusive interview with one of the key negotiators at the white house, secretary of treasury timothy geithner. >> maria, thank you. i'm here with the secretary of treasury at a crucial time. thank you for joining us. >> thank you. >> speaker boehner has put forward a proposal which "usa today" says demonstrates more political courage the democrats have shown. the white house is saying today it's not even wor ty -- worthy of a response. what are we missing? >> i think we are making progress. they acknowledged they were prepapered to do $800 billion in higher taxes on part of the american economy. that's part of the balanced framework. that's definitely progress. what we need to see is have them acknowledge the rates go up. if they're willing to accept that and commit to that, then we think we could do something good for the economy. we can make the government use the taxpayers' money more efficiently, lock in some spending savings and do some long-term entitlement reforms to make s
will speak later to steve leisman about the fiscal cliff talks. we'll have a preview and discuss what traders want to hear. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> goldman sachs earlier today cutting its outlook for gold and prices are closing right now. we have about a $2 loss in the gold market. sharon epperson is track being the action down at the nymex. sharon? >> gold prices are finishing the day basically flat here, s
steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place. with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth right now. and if i were a major league team, i would pass on josh hamilton in a new york second because the guy phoned it in when his team needed him the most. there's an attitude problem. and yet he could be such a huge payoff. are the red sox looking at josh hamilton? >> i think any team that's looking at hamilton is looking at no longer than three years with him because of the things you just mentioned. >> he, of course, had an ad
? >> pelley: steve hartman proves that he does "on the road". >> merry christmas! captioning sponsored by cbs pelley. this is the "cbs evening news" with scott pelley. >> pelley: good evening. erspelley: good evening. when the supreme court alters ed icourse of the nation, names are etched in history. ralessy v. ferguson" endorsed inial segregation; "brown v. board of education" ended it in hat ation. today we learned that the next name to make civil rights history may be "hollingsworth v. willy." her court said it will hear the case which could decide whether same-sex couples have a constitutional right to marry. the case centers on a ban on 20me-sex marriage that was passed by california voters in 2008. john blackstone has our lead from san francisco. >> reporter: for five months in 2008, same-sex couples in california could marry legally. then voters passed proposition 8 banning same-sex marriage. when gay couples challenged prop 8, both the state supreme court and the federal ninth circuit court of appeals ruled that banning same-sex marriage is unconstitutional. many supporters of same-s
change coming to laptops, and the advice he got from steve jobs. >>> plus, the most closely watched mother-to-be puts on a brave face as she heads home. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cou
statement to parliament today. will be out in westminster soon. steve is out to give us more detailed analysis of what to expect. let's just go back to the eurozone. as you say, thin advances here. are we capping -- it's up against the yen as well. there's obviously been a big yen story. >> yeah, i think the euro/yen has had perhaps more to do with eu euro/dollar than anything else. the euro crosses in general have been story rather than euro/dollar and euro/yen at the forefront. i think the euro/yen forecast is overplayed in what japan will ultimately deliver on. but mum is pretty good. i think you still play for a little yen weakness. i think we'll see a lot of people trying to buy yen back because i don't think we'll get delivery in all these preelection promises. >> do we all think we know what the chancellor is going to say? >> judging by the many pages being given to it in the newspapers, you feel like what else can he say? it's not going to be a day where you'll buy sterling aggressively because most of the news is going to be bad. we're going to have lower growth. potentially
: how long have you been doing it? >> since about september. >> steve: very good. we're about to leave, folks. we've got 19 seconds. let's all do a little gangam dancing, all right? >> there you go. sounds good. >> steve: music up, please. ♪ a for effort. good morning, everybody. fox news alert. 7.3 magnitude quake hitting off japan in an area that does not neat incidents like these. new video buildings swaying and sirens wailing and men and women, children running for higher ground. a reminder of the massive quake and deadly tsunami hit the same area just about a year and a half ago. we'll drill down on that. good morning as we follow up as the earth started to shake earlier today. i'm bill hemmer. welcome to friday. martha: good morning everybody. i'm martha maccallum. last year's tsunami killed and left missing some 19,000 people. as you remember those unbelievable images we saw of the coast which was devstated. it also damaged nuclear power plants and created one of the worst nuclear disasters we've seen in history. bill: we held onto the story for a long time. japan today has ca
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on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen percent of small businesses wouldn't see income taxes go up at all . even the wealthiest americans would get a tax cut on $250,000 of the income. democrats are pushing for a vote and it was approved by the secretary. >> and republican leaders what are their next move. >> they are sticking to their guns on the tax rate . they are reacting strongly to the plan that the president uned this week. house spheeker - on speaker boehner said it was not a serious proposal. it is an advantage to run the clock out and getting closer to the deadline
are scrambling to figure out what to do. joining us now to analyze in new york is attorney steve greeneberg and from l.a. attorney. first the united states supreme court today announced it will take up two gay marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going to play out the doma case prop 8 case how two different cases how do you think doma case. >> doma case involves whether someone who had lived with domestic partner for 45 years should have to pay estate taxes where if they lived as husband and wife she would not have to pay estate taxes and prop 8 involves whether or not gay marriage is simply legal. i think what we are seeing here they only need four justices to decide whether to take the issue. i think there is a little bit of politics there because if obama appoints more justices, they are not going to have t
forever. joining us now, steve liesman and an economist from ftm financial. steve, is it really as bad as all of that? we're talking about some very anemic numbers. >> the question is, what part is bad? i really disagree with this report in the sense that i don't see how he can possibly know what the growth rate is going to be in 2050. i don't think he knows what the growth rate is going to be next year let alone in 2050. the second thing wrong with this prediction is growth rates are something that are within control of a society or nation. with the policies -- now, i think he's right we're aiming right now for a growth rate that may be unattainable. long-term, a society cannot exactly choose but can adjust this level of growth. third, some of the things that he's most concerned about, for example, global competition, are some of the things that make me optimistic about the future, not pessimistic. >> but lindsay, part of his reasoning is we're adding too much debt to the equation. debt servicing takes up more of our growth at this point. too many band-aids solving problems that need
by the supreme court could result in the roe v. wade of guy rights. joining me now is political strategist steve elmendorf and chris geithner, senior political reporter for buzz feed. steve, i want to go to you first on this. there has been a lot of discussion and a lot of back and forth whether it's a good thing for marriage equality for the supreme court to take up these issues. some folks think better to leave it at the state level. there has been a lot of progress there. are you bullish or bearish on this? >> i'm bullish. i think the supreme court is going to do the right thing. you know, it's hard to predict, but i think the country has been moving so fast in the right direction. the court is not immune to public opinion. the court is not immune to the wind blowing through the country. and it's so clear where we're moving and the progress we've made in the last five years has been amazing. and i think the court is going to do the right thing. >> chris, let's talk a little bit about public opinion. because we have some polling that shows a breathtaking change of public opinion on this. in 20
: and we're also going to be talking with the ceo and president of choice hotels, this is steve joyce. steve is going to be talking about their expansion right here in the u.s. including a three-star, upscale hotel. they had been focusing on the lower scale hotels. will that hurt their brand, or might it increase it? we'll be asking him. liz: first, what drove the markets in today's data download. stocks closing higher after struggling for direction early on with the dow crossing the flat line 25 times. all three major indices did post gains. technology had to be, right? was one of the best performers along with consumer discretionary. today's top performing sectors, health care and utilities, well, they did lag. the number of americans filing new applications for unemployment benefits falling for a third straight week as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 fr
conversation with our steve liesman. in corporate news, the apple coming off its worst day ofs losses this almost four years. u.s. equity futures, though, not too bad so far today. indicated up about 15 points. today is thursday, december 6th, penultimate day before the day of infamy. "squawk box" begins right now. >> welcome to "squawk box." i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin
constitution for that country. one that gave president mohammed morsi new powers. steve harrigan is standing by live in cairo with more. >> remarkable scene in cairo this morning outside egypt supreme constitutional court. to put it simply, the court justices could not get in their own building. the judges will suspend their work while the atmosphere of intimidation physical a mental intimidation exist. the supreme court say they cannot do the work because of the mob around their building. it was likely they would rule on the legitimacy of egypt constitutional assembly. that body pushed through the constitution, the draft on friday. they go for a national referendum, up or down vote on december 15. if the constitution goes through, egypt president morsi says the extreme powers which he declared that he possessed would be void and it would go to normal here in egypt. richard morrison himself has strong public support. we have 200,000 people. mainly members of the muslim brotherhood who support the president come out on the street to show support. loud and emotional way. >> shannon: steve harr
now almost 4:30. rosemary orozco is in for steve today. so after the big storm steve decided he needed ha little break. >> he's a little tired. good morning, to you. happy friday. we are in for a dry weekend. modest warming trend under way. we are waking up a lo
. steve harrigan has the latest. >> they're afraid to do their job. the court surrounded by several thousands chanting protesters sunday morning and the judges refused to enter the building, citing fiscal and psychological intimidation from the crowd. egypt interior ministry said police made the entrance secure. demonstrators say they were backing the president. >> you are here to support the decision of president mohammed morsi. we haven't stopped anyone from entering and we haven't destroyed anything. we're here to protest. that is our constitutional right. >> what is or is not constitutional in egypt these days is in flux. it's set to be voted nonnational referendum on december 15. until then, both sides marshall the forces. demonstrating the support on the street. the number of protesters declineed. to just a few thousand tonight. the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential palace tomorrow where they could cl
power grab by the president. correspondent steve harrigan is in the capital where it is this morning. hello, again, steve. >> what we have been seeing is escalation by the opposition protesters. instead of sitting here in tahrir square, the protesters were on the move tonight to march from several different directions toward the palace. they cut through the barbed wire. thousands remain. they were inside the compound in the post. left while it was going on. aids said it was the end of a working day. mr. morsi did not flee. he does not live inside the compound. [ inaudible ] next up for the country is a referendum december 15. the nation will vote on a constitution, the draft of which has been bitterly criticized like something that was rushed through and favors islamist parties. it's likely that morsi supporters from the muslim brotherhood will push hard to get out a yes vote and get out the vote in general. it's not clear at this point whether the opposition will vote nowhere no. or abstain. president morsi got a boost today. he has been battling with the judges. today, supreme judi
house is saying it's out of context but not specifically how out of context. bring in the panel. steve hayes for "weekly standard." kirsten powers for daily beast. syndicated columnist, charles krauthammer. charles? >> look, i love when the president says we need conceptual break through. meaning the republicans have to accept a hike in rates. what he means is a political surrender. because there is no economic reason why you cannot raise the money he wants raised. by doing it through eliminating deductions, inclusions and credit. number one as we saw he, himself, said so. a year-and-a-half ago. secondly, the same debt reduction commission he appointed and then ignored. spoke about raising much more through eliminating deductions and loopholes. and credits. broadening the base. at the same time, lowering the rates. that is the economic ideal. everybody understands it's what happened in '86 in the tax reform. it's what was recommended in the debt reduction commission. in their three scenarios in one of them, they eliminate so many deductions that they would lower upper rates to 23% and
former treasury official and "morning joe" economic analyst, steve rattner. >> financier. >> rattner is here. i like -- and we have to go back to that. it's the truth. >> it is! >> money is money. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean streets of d.c. >> yes. he was so cagey. >> he was. >> yes. yes. >> you can't ever ask those guys what they're doing, wherever they are. where you going? with who? a meeting. >> auditioning for a gang is what i'm doing. >> right. >> yes, exactly. lots of luck with that one. >> should we get to the news? >> fantastic. boy, there's some stories here, unbelievable. >> in the least. >> you talk about libya. i tell you what, you've got assad about to cross that red line. he's going to see russia leaving quick. i think you'll see even troops going in there if he starts using chemical weapons against his own people. about to cross the line. egypt, morsi in trouble. the biggest revolt since mubarak was pushed out of power. "the new york times
a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen. pictures that may force the mississippi river to shut down, commerce, billions worth of cargo at risk, not shipping right now, grains you eat to oil and coal you use. we'll take you there live. ♪ ♪ [ male announcer ] this is amy. amy lik invest in the market. s also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobileradi. so she's always ready to ke action, matter how wily.. oweird... or wonderfully the market's behaving... which isn't roct sciee. it's just common sense. from td ameritrade. you know how painful heartburn can b for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms protective barrierhat helps block stomach acid from splashing u relieving the pain quickly. try fast, long lasting gaviscon®. mayb
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